Susquehanna International Group to Pay Master's and PhD Interns $8,600 per Week for 10-Week Summer Roles

Susquehanna International Group is offering master's and PhD interns $8,600 per week for a 10-week summer program, for a total of $86,000. The positions target quantitative trader and quantitative research roles scheduled to begin in 2027 at the firm's New York and Philadelphia offices. Undergraduate interns at the firm can earn about $7,600 per week, with signing bonuses possible in some cases.

Interns also receive free housing, complimentary breakfast and lunch, and access to social events that include poker tournaments, dinners, and sporting events. The median U.S. worker earned about $1,235 per week in the first quarter of 2026.

Similar compensation packages appear at other trading firms. Jane Street lists summer intern pay at $300,000 annually, paid pro rata at roughly $5,700 per week for three months. Interns at Citadel and Citadel Securities receive between $4,300 and $5,800 weekly in base salary, depending on role and experience.

Goldman Sachs has reported an internship acceptance rate below 1 percent for three consecutive years. Jacqueline Arthur, the bank's head of human capital management, previously stated that roughly 40 percent of Goldman Sachs partners began as campus hires.

Susquehanna traces its origins to the late 1970s, when six college students including Jeff Yass and Arthur Dantchik met at Binghamton University.

The firm continues to recruit heavily from campuses as part of its approach to quantitative talent. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman have warned that generative AI could sharply reduce demand for entry-level white-collar workers.